RBI call to pause rate hikes was unexpected; hope they win the match over inflation: Nilesh Shah
Nilesh Shah, MD of Kotak AMC, likened the RBI to batsman Sachin Tendulkar playing the ball on its merit and hopes the central bank gets the maximum run in the match over inflation as well as growth. Market projections for GDP growth are below RBI expectations, with inflation expected to surpass the bank’s projections slightly, however a positive base effect and avoiding a bad monsoon could help to control inflation.
